The post Warren Buffett now holds more US Treasury Bills than the Federal Reserve appeared on BitcoinEthereumNews.com.

Among all of his other holdings, which include major names like Amazon (NASDAQ: AMZN) and Visa (NYSE: V), Warren Buffett, the legendary investor and CEO of Berkshire Hathaway (NYSE: BRK.A), now owns more United States Treasury Bills than the country’s central bank. Specifically, Warren Buffett and his company currently own 4% of all T-Bills issued to the public, which is substantially more than what the Federal Reserve holds – $195 billion, according to the data shared by X user Michael Burry Stock Tracker in an X post on August 5. This is insane Buffett and Berkshire now own 4% of all T-Bills issued to the public Buffett has ~$277 B and the Fed has $195 B Warren Buffett is now holds more US Treasury Bills than the Federal Reserve — Michael Burry Stock Tracker ♟ (@burrytracker) August 5, 2024 Buffett’s $235 billion in T-bills As it happens, as Berkshire Hathaway’s second-quarter earnings report published on August 3 demonstrates, the renowned investor had $235 billion worth of short-term investments in US Treasury Bills as of June 30, 2024, almost twice as much as in the previous quarter when he held $130 billion. Berkshire Hathaway Q2 holdings. Source: Berkshire Hathaway Indeed, as the 93-year-old investor’s company specified: “At June 30, 2024, our insurance and other businesses held cash, cash equivalents, and U.S. Treasury Bills of $271.5 billion, which included $237.6 billion in U.S. Treasury Bills.” On the other hand, the Federal Reserve recently reported its holdings statistics that included about $195.3 billion in US T-bills as of July 31, 2024, a significantly lower amount than what the ‘Oracle of Omaha’ now holds. How profitable Treasury Bills are? As a reminder, Buffett has been a long supporter of stocking up on T-bills, arguing that they are the “safest investment there is,” during the…

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Filed under: News - @ August 6, 2024 3:22 pm